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MELBOURNE, FL-The 80-year-old, 35,166-sf 1900 Building Downtown changes hands as the Building 1900 LLC of Melbourne pays Harry and Wendy Brandon of locally based Brandon Properties $3.4 million.
TAMPA, FL-Continental Marble Corp. of Miami pays $1.6 million or $27 per sf for the 58,000-sf property. In an unrelated Downtown land sale, Terrapark Properties of Toronto sold a 24,610-sf paved parking lot to Florida Avenue LLP of Tampa for $1.6 million or $65 per sf.
LAKELAND, FL-The 14-million-sf market, part of the Tampa Bay reporting area, posted positive net absorption of 437,150 sf and lowered its vacancy level by three points to 12.4% in the first quarter, according to a new Colliers Arnold survey.
RICHARDSON, TX-Receiver Prism Hotels and special servicer, Mdland Loan Services, gave final clearance to the sale of the 342-room Richardson Hotel at 701 E. Campbell Road. The existing note was modified to enable assumable financing, an exec says.
HOUSTON-The distribution component at Bondesen Business Park lands a Texas newcomer for 70,255 sf while the balance of the deal-making goes to a Lincolnshire, IL company that's consolidating three leased sites within the city.
CORAL GABLES, FL-Net income for the locally based real estate company increased from about $2 million to nearly $8.4 million from the first quarter of 2003 to the same quarter this year. Revenue also increased, from $50.5 million to $81.4 million for the same periods.
ATLANTA-CB Richard Ellis Inc.'s Valuation and Advisory Services group promotes Jerry Gisclair and James Agner to managing directors. They report to Ron Neyhart who will also assist the company's nine other regional offices on new business development, client relations and appraisal report production.
LOS ANGELES-The law firm signs for 27,000 sf at Equity Office's 550 S. Hope St. building, where 17 of its real estate attorneys will locate this summer.
ORLANDO-Morgan, Colling & Gilbert, PA, renewed three floors in the 16-story Wachovia Tower in the Center City area of town. The firm has been a tenant in the building since its formation in 1988.
ORLANDO-Maury L. Carter & Associates Inc. participated in the sale of 1,052 acres valued at $27.1 million in six Central Florida counties over the last 30 to 45 days. Sellers remain hard traders, choice tracts are dwindling but deals are in the pipeline, Darryl M. Carter, the firm's president, tells GlobeSt.com.